Suburb Profile Report for Bowen QLD (4805)

Bowen House: Median price $255,000, Annual capital growth -2.30%, Number of sales 80, Weekly median advertised rent $270

Bowen Unit: Median price $200,000, Annual capital growth N/A, Number of sales 24, Weekly median advertised rent $285

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Bowen has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -8.60%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bowen has fallen somewhat when compared to the 5 year average annual rate.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Bowen, 4805. Typically our figures indicate that -13.16% is being offered, which puts this QLD suburb at 97th most discounted overall in Australia.

With the median price for a house in Bowen being $255000 and the advertised rent reaching $270 the gross rental yield for property investors calculates out to be 5.51%

Bowen,4805 was ranked 532 in Australia by increase in median property value over the quarter.

The QLD suburb of Bowen, 4805 is in the Whitsunday local government area.

Metrics i HOUSE UNIT
$255,000 $200,000
-3.77% 2.56%
-8.60% N/A
-2.30% N/A
$270 $285
80 24
5.51% 7.41%
123.89 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Below average (U)
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Demographics
Total population 10260
Median household income ($/weekly) 1100
Median age of persons 39
Median housing loan repayment ($/monthly) 1733
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1295 12.6
    25-34 years 1321 12.9
    35-44 years 1252 12.2
    45-54 years 1521 14.8
    55-64 years 1411 13.8
    Others 3461 33.7
    Age Group
    Census Count Percent(%)
    Registered Married 3235 47.0
    Not Married 2756 40.0
    Defacto Relationship 894 13.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 7838 85.8
    Lebanon 143 1.6
    Papua New Guinea 274 3.0
    United Kingdom 280 3.1
    Other 179 2.0
    Others 421 4.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 93 1.1
    Christianity 6562 74.9
    Hinduism 9 0.1
    Islam 35 0.4
    No Religion 2043 23.3
    Others 18 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 405 12.7
    $600-$799 330 10.4
    $800-$999 300 9.4
    $1,250-$1,499 280 8.8
    $1,500-$1,999 377 11.9
    Others 1485 46.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3170 42.7
    Not in the labour force 2457 33.1
    Employed, worked part-time 1214 16.4
    Employed, away from work 326 4.4
    Unemployed, looking for work 255 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 583 12.4
    Technicians & trades workers 797 16.9
    Clerical & administrative workers 489 10.4
    Machinery operators & drivers 562 11.9
    Labourers 1005 21.3
    Others 1272 27.0
    Occupation
    Census Count Percent(%)
    Pre-school 83 5.0
    Infants/Primary 795 48.3
    Secondary 489 29.7
    Technical or Further Educational Institution 169 10.3
    University or other Tertiary Institutions 68 4.1
    Others 42 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7701 86.7
    Semi-detached, row or terrace house, townhouse 207 2.3
    Flat, unit or apartment 591 6.7
    Caravan, cabin, houseboat 333 3.8
    Improvised home, tent, sleepers out 45 0.5
    Others 3 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1324 38.0
    Fully owned 1209 34.7
    Being purchased 930 26.7
    Other tenure type 19 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals